Analysts Offer Predictions for Huron Consulting Group Inc.’s FY2022 Earnings (NASDAQ:HURN)

Huron Consulting Group Inc. (NASDAQ:HURN – Get Rating) – Analysts at William Blair raised their FY2022 earnings estimates for Huron Consulting Group in a research report issued on Wednesday, May 4th. William Blair analyst A. Nicholas now anticipates that the business services provider will post earnings per share of $3.20 for the year, up from their previous estimate of $3.10.

HURN has been the topic of a number of other research reports. TheStreet upgraded Huron Consulting Group from a “c+” rating to a “b-” rating in a report on Thursday, April 21st. StockNews.com initiated coverage on Huron Consulting Group in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research upgraded Huron Consulting Group from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Monday, February 28th. Finally, Barrington Research increased their price objective on Huron Consulting Group from $67.00 to $72.00 in a report on Tuesday, April 5th.

Shares of HURN opened at $54.79 on Thursday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 13.87 and a beta of 0.70. Huron Consulting Group has a fifty-two week low of $42.66 and a fifty-two week high of $59.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.26 and a quick ratio of 1.26. The business’s 50-day moving average is $48.99 and its 200-day moving average is $48.54.

Huron Consulting Group (NASDAQ:HURN – Get Rating) last issued its earnings results on Tuesday, May 3rd. The business services provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.20. The company had revenue of $260.00 million for the quarter, compared to the consensus estimate of $234.67 million. Huron Consulting Group had a return on equity of 10.41% and a net margin of 6.80%. The firm’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS.

Institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. bought a new position in Huron Consulting Group in the third quarter worth $348,000. Deutsche Bank AG lifted its position in Huron Consulting Group by 24.6% in the third quarter. Deutsche Bank AG now owns 17,049 shares of the business services provider’s stock worth $887,000 after purchasing an additional 3,367 shares during the period. Boston Partners lifted its position in Huron Consulting Group by 3.3% in the third quarter. Boston Partners now owns 1,049,480 shares of the business services provider’s stock worth $54,566,000 after purchasing an additional 33,490 shares during the period. Russell Investments Group Ltd. bought a new position in Huron Consulting Group in the third quarter worth $158,000. Finally, TD Asset Management Inc. lifted its position in Huron Consulting Group by 21.9% in the third quarter. TD Asset Management Inc. now owns 13,994 shares of the business services provider’s stock worth $728,000 after purchasing an additional 2,518 shares during the period. 92.94% of the stock is owned by institutional investors.

In other Huron Consulting Group news, COO C. Mark Hussey sold 6,144 shares of the stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $48.58, for a total transaction of $298,475.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James H. Roth sold 16,000 shares of the stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $46.22, for a total value of $739,520.00. The disclosure for this sale can be found here. Insiders sold 27,105 shares of company stock worth $1,255,126 in the last 90 days. 2.02% of the stock is currently owned by corporate insiders.

Huron Consulting Group Company Profile (Get Rating)

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Business Advisory, and Education. The Healthcare segment provides advisory services in the areas of financial and operational improvement, care transformation, and revenue cycle managed services; organizational transformation; and digital, technology and analytic solutions to national and regional hospitals, integrated health systems, academic medical centers, community hospitals, medical groups, and health plans.

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